Hello friends, what is the process of allotment of cpse etf in case of over-subscription? Let us say retail investor portion is over-subscribed two times. Units worth how much will be allotted to retail investor who has paid Rs 2 lakh and how much to the one who has paid Rs 1 lakh?
As per the information provided by the company "Investors to note that in case of over Subscriptions, allotment will be made on a proportionate basis as set out in the Supplement."
i think it is first come first serve base. and from past records for retailers portion they are accepting nearly 100%. they will always give first preference to retailers.
Dear admin, i couldn't get what you just said on your previous comment. Please explain this. allotment will be made on a proportionate basis as set out in the Supplement."
Please refer CPSE ETF FFO5 Key Information Memorandum for more detail. Note that though the issue size is Rs 8000 Cr, usually government accept almost all over-subscription from retail investors.